Encore Capital Group, Inc. (NASDAQ:ECPG) – Equities research analysts at First Analysis cut their Q4 2017 earnings per share estimates for Encore Capital Group in a research report issued to clients and investors on Friday. First Analysis analyst L. Berlin now expects that the asset manager will post earnings of $0.93 per share for the quarter, down from their prior forecast of $0.94. First Analysis also issued estimates for Encore Capital Group’s Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $1.09 EPS and FY2018 earnings at $3.94 EPS.
ECPG has been the subject of a number of other research reports. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Northland Securities reaffirmed a “hold” rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. Finally, SunTrust Banks reiterated a “buy” rating and set a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $43.50.
Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of Encore Capital Group by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock worth $187,000 after purchasing an additional 2,072 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Encore Capital Group during the 2nd quarter worth approximately $201,000. Piedmont Investment Advisors LLC bought a new stake in shares of Encore Capital Group during the 2nd quarter worth approximately $206,000. Janney Capital Management LLC bought a new stake in shares of Encore Capital Group during the 3rd quarter worth approximately $217,000. Finally, Sigma Planning Corp bought a new stake in shares of Encore Capital Group during the 3rd quarter worth approximately $249,000.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/04/first-analysis-equities-analysts-cut-earnings-estimates-for-encore-capital-group-inc-ecpg.html.
About Encore Capital Group
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
Receive News & Ratings for Encore Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.